LOANS (Tables)

3 Months Ended

Mar. 31, 2016

	March 31, 2016			December 31, 2015
(In thousands)
Commercial real estate mortgage loans	$	1,011,068		$	1,053,399
Multi-family mortgage loans		380,125			350,793
Residential real estate mortgage loans		448,164			392,815
Commercial, financial, and agricultural loans		511,190			501,766
Real estate-construction and land loans		111,180			91,153
Installment/consumer loans		16,135			17,596
Total loans		2,477,862			2,407,522
Net deferred loan costs and fees		3,385			3,252
		2,481,247			2,410,774
Allowance for loan losses		(21,799	)		(20,744	)
Net loans	$	2,459,448		$	2,390,030

	Grades:
March 31, 2016	Pass		Special Mention		Substandard		Doubtful		Total
(In thousands)

Commercial real estate:
Owner occupied	$	467,139	$	2,557	$	1,861	$	-	$	471,557
Non-owner occupied		532,504		525		6,482		-		539,511
Multi-Family		379,743		-		382		-		380,125
Residential real estate:
Residential mortgage		377,437		86		1,092		-		378,615
Home equity		68,016		517		1,016		-		69,549
Commercial:
Secured		113,867		284		2,025		-		116,176
Unsecured		388,248		2,969		3,797		-		395,014
Real estate construction and land loans		111,180		-		-		-		111,180
Installment/consumer loans		16,035		-		100		-		16,135
Total loans	$	2,454,169	$	6,938	$	16,755	$	-	$	2,477,862

	Grades:
December 31, 2015	Pass		Special Mention		Substandard		Doubtful		Total
(In thousands)

Commercial real estate:
Owner occupied	$	465,967	$	3,239	$	2,115	$	-	$	471,321
Non-owner occupied		573,049		542		8,487		-		582,078
Multi-Family		350,785		—		8		-		350,793
Residential real estate:
Residential mortgage		323,557		87		845				324,489
Home equity		66,910		523		893				68,326
Commercial:
Secured		121,037		151		2,549		-		123,737
Unsecured		370,642		3,191		4,196		-		378,029
Real estate construction and land loans		91,153		—		—		-		91,153
Installment/consumer loans		17,496		—		100		-		17,596
Total loans	$	2,380,596	$	7,733	$	19,193	$	-	$	2,407,522

March 31, 2016	30-59 Days Past Due		60-89 Days Past Due		≥90 Days Past Due and Accruing		Nonaccrual Including 90 Days or More Past Due		Total Past Due and Nonaccrual		Current		Total Loans
(In thousands)
Commercial real estate:
Owner occupied	$	222	$	-	$	599	$	224	$	1,045	$	470,512	$	471,557
Non-owner occupied		-		-		-		-		-		539,511		539,511
Multi-Family		-		-		-		-		-		380,125		380,125
Residential real estate:
Residential mortgages		1,653		87		852		473		3,065		375,550		378,615
Home equity		138		69		216		804		1,227		68,322		69,549
Commercial and Industrial:
Secured		20		-		258		-		278		115,898		116,176
Unsecured		14		190		55		131		390		394,624		395,014
Real estate construction and land loans		-		-		-		-		-		111,180		111,180
Installment/consumer loans		-		1		-		3		4		16,131		16,135
Total loans	$	2,047	$	347	$	1,980	$	1,635	$	6,009	$	2,471,853	$	2,477,862

December 31, 2015	30-59 Days Past Due		60-89 Days Past Due		≥90 Days Past Due and Accruing		Nonaccrual Including 90 Days or More Past Due		Total Past Due and Nonaccrual		Current		Total Loans
(In thousands)
Commercial real estate:
Owner occupied	$	-	$	-	$	435	$	631	$	1,066	$	470,255	$	471,321
Non-owner occupied		-		-		-		-		-		582,078		582,078
Multi-Family		-		-		-		-		-		350,793		350,793
Residential real estate:
Residential mortgages		939		245		-		62		1,246		323,243		324,489
Home equity		69		100		188		610		967		67,359		68,326
Commercial and Industrial:
Secured		-		-		341		-		341		123,396		123,737
Unsecured		128		24		-		44		196		377,833		378,029
Real estate construction and land loans		-		-		-		-		-		91,153		91,153
Installment/consumer loans		-		-		-		3		3		17,593		17,596
Total loans	$	1,136	$	369	$	964	$	1,350	$	3,819	$	2,403,703	$	2,407,522

	March 31, 2016						Three Months Ended March 31, 2016
	Recorded Investment		Unpaid Principal Balance		Related Allocated Allowance		Average Recorded Investment		Interest Income Recognized
(In thousands)
With no related allowance recorded:
Commercial real estate:
Owner occupied	$	369	$	557	$	-	$	376	$	2
Non-owner occupied		1,237		1,237		-		1,240		19
Residential real estate:
Residential mortgages		473		485		-		198		-
Home equity		804		898		-		674		-
Commercial:
Secured		198		198		-		129		3
Unsecured		483		483		-		492		4
Total with no related allowance recorded	$	3,564	$	3,858	$	-	$	3,109	$	28

With an allowance recorded:
Commercial real estate - Owner occupied	$	-	$	-	$	-	$	-	$	-
Commercial real estate - Non-owner occupied		-		-		-		-		-
Residential real estate - Residential mortgages		-		-		-		-		-
Residential real estate - Home equity		-		-		-		-		-
Commercial - Secured		-		-		-		-		-
Commercial - Unsecured		185		190		18		188		2
Total with an allowance recorded:	$	185	$	190	$	18	$	188	$	2

Total:
Commercial real estate:
Owner occupied	$	369	$	557	$	-	$	376	$	2
Non-owner occupied		1,237		1,237		-		1,240		19
Residential real estate:
Residential mortgages		473		485		-		198		-
Home equity		804		898		-		674		-
Commercial:
Secured		198		198		-		129		3
Unsecured		668		673		18		680		6
Total	$	3,749	$	4,048	$	18	$	3,297	$	30

							Three Months Ended
	December 31, 2015						March 31, 2015
December 31, 2015	Recorded Investment		Unpaid Principal Balance		Related Allocated Allowance		Average Recorded Investment		Interest Income Recognized
(In thousands)
With no related allowance recorded:
Commercial real estate:
Owner occupied	$	384	$	564	$	-		3,854	$	28
Non-owner occupied		927		928		-		947		15
Residential real estate:
Residential mortgage		62		73		-		141		-
Home equity		610		700		-		309		-
Commercial:
Secured		96		96		-		48		1
Unsecured		-		-		-		-		-
Total with no related allowance recorded	$	2,079	$	2,361	$	-	$	5,299	$	44

With an allowance recorded:
Commercial real estate- Owner occupied	$	-	$	-	$	-	$	-	$	-
Commercial real estate- Non owner occupied		318		318		20		322		4
Residential real estate - Residential mortgage		-		-		-		-		-
Residential real estate - Home equity		-		-		-		50		-
Commercial - Secured		-		-		-		330		-
Commercial - Unsecured		194		194		9		252		3
Total with an allowance recorded:	$	512	$	512	$	29	$	954	$	7

Total:
Commercial real estate:
Owner occupied	$	384	$	564	$	-	$	3,854	$	28
Non-owner occupied		1,245		1,246		20		1,269		19
Residential real estate:
Residential mortgage		62		73		-		141		-
Home equity		610		700		-		359		-
Commercial:
Secured		96		96		-		378		1
Unsecured		194		194		9		252		3
Total	$	2,591	$	2,873	$	29	$	6,253	$	51

	Three Months Ended
	March 31,
	2016			2015
(In thousands)
Balance at beginning of period	$	7,113		$	8,432
Accretable discount arising from acquisition of PCI loans		-			-
Accretion		(792	)		(1,252	)
Reclassification from (to) nonaccretable difference during the period		133			380
Other		418			-
Accretable discount at end of period	$	6,872		$	7,560